Costco Pressures Suppliers for Lower Pricing

Costco Wholesale Corp. is telling suppliers who maintain high prices that it may consider eliminating some brands if they don't offer some relief, Richard Galanti, executive vice president and chief financial officer, told investors yesterday.

ISSAQUAH, Wash. — Costco Wholesale Corp. here is telling suppliers who maintain high prices that it may consider eliminating some brands if they don't offer some relief, Richard Galanti, executive vice president and chief financial officer, told investors yesterday.
"We don't have to carry three brands of an item,” he said in a conference call discussing second-quarter results. “However, we see opportunities for manufacturers who are willing to help our members.”
Galanti also said ...

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